EUR/USD overcomes the 1,1200

FXStreet the EUR/USD the weak EU CPI results overcome had, it gave new commandments, and the 1,1200 was overcome.

To the middle of the European trading the Pair rose sharply, which may be related to the capital flows at the end of the month. Add to this the possibility that some of the Shorts were closed, according to the course yesterday held a longer period of time to 1,1185.

Add to that the strong correction in the US bond yields, which led to a USD, the support and the Pair is formed to be 3-days high at 1,1215-20.

Today, expect us from the US, the pending property sales and the Chicago PMI’s and the Fed Speeches, which, for a short pulse.

EUR/USD immediate resistance at 1,1235 — Commerzbank

Important Levels

Resistances lie on the multi-month high of 1,1260-65 and on November of 2016, swing high in the vicinity of the 1.1300. On the other hand, supports are located at 1,1160-65, 1,1130-25 and 1.1100.

** FXStreet News Editorial, FXStreet**

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